Envestnet Asset Management Inc. Boosts Stake in Six Flags Entertainment Co. (NYSE:SIX)

Envestnet Asset Management Inc. grew its stake in shares of Six Flags Entertainment Co. (NYSE:SIXGet Rating) by 52.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,272 shares of the company’s stock after purchasing an additional 20,397 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of Six Flags Entertainment worth $1,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in shares of Six Flags Entertainment by 5.1% in the first quarter. Commonwealth Equity Services LLC now owns 40,141 shares of the company’s stock valued at $1,746,000 after purchasing an additional 1,953 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Six Flags Entertainment by 2.6% during the first quarter. HighTower Advisors LLC now owns 96,371 shares of the company’s stock worth $4,190,000 after buying an additional 2,463 shares during the period. SG Americas Securities LLC lifted its stake in shares of Six Flags Entertainment by 19.6% in the first quarter. SG Americas Securities LLC now owns 49,356 shares of the company’s stock valued at $2,147,000 after buying an additional 8,102 shares in the last quarter. Belpointe Asset Management LLC raised its position in Six Flags Entertainment by 66.4% in the second quarter. Belpointe Asset Management LLC now owns 10,099 shares of the company’s stock worth $219,000 after acquiring an additional 4,030 shares during the period. Finally, Carmignac Gestion purchased a new position in Six Flags Entertainment during the first quarter valued at approximately $16,212,000. 92.10% of the stock is owned by institutional investors.

Insider Transactions at Six Flags Entertainment

In related news, CFO Gary Mick purchased 4,175 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was bought at an average cost of $22.85 per share, for a total transaction of $95,398.75. Following the completion of the transaction, the chief financial officer now directly owns 34,175 shares in the company, valued at $780,898.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Six Flags Entertainment news, Director Arik W. Ruchim acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was purchased at an average cost of $22.05 per share, with a total value of $1,102,500.00. Following the transaction, the director now owns 10,700,000 shares of the company’s stock, valued at $235,935,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Gary Mick bought 4,175 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were acquired at an average price of $22.85 per share, with a total value of $95,398.75. Following the purchase, the chief financial officer now owns 34,175 shares of the company’s stock, valued at $780,898.75. The disclosure for this purchase can be found here. Insiders have acquired 754,175 shares of company stock worth $17,733,399 in the last quarter. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

SIX has been the topic of several recent analyst reports. B. Riley cut their price objective on shares of Six Flags Entertainment from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, October 31st. Oppenheimer dropped their price target on Six Flags Entertainment to $27.00 in a research report on Tuesday, November 15th. Citigroup increased their price target on Six Flags Entertainment from $20.00 to $23.00 in a research report on Monday, October 31st. StockNews.com assumed coverage on Six Flags Entertainment in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, KeyCorp cut Six Flags Entertainment from an “overweight” rating to a “sector weight” rating in a report on Friday, August 12th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.58.

Six Flags Entertainment Price Performance

NYSE:SIX opened at $21.78 on Tuesday. Six Flags Entertainment Co. has a 1-year low of $16.83 and a 1-year high of $47.24. The firm’s 50-day moving average price is $20.71 and its 200-day moving average price is $23.31. The company has a market capitalization of $1.81 billion, a PE ratio of 19.11 and a beta of 2.20.

About Six Flags Entertainment

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Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company also sells food, beverages, merchandise, and other products and services within its parks.

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Institutional Ownership by Quarter for Six Flags Entertainment (NYSE:SIX)

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